Sbi Home Loan

How have the home loan EMIs changed since RBI's repo rate hike in May 2022?

The deposit and lending rates are directly proportional to the repo rate, and they generally go up if the benchmark rate is hiked

State Bank of India, HDFC cut home loan rates to 8.4% for new applicants

SBI's loan book crosses Rs 6-trn mark

SBI, HDFC offer discounted home loans at 8.40% as part of festive sales

Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings. SBI in a statement said that its home loan book has topped the Rs 6 lakh crore mark, a first in the industry. The leading lender said it is offering up to 25 bps discount on interest rate to new home loan borrowers, making the entry level rate at 8.40 per cent and the offer will run up to January 31, 2023. The largest pure-play mortgage player HDFC, which is awaiting its merger with its banking subsidiary HDFC Bank, said it's also offering discounted interest rates to new borrowers to the tune of 20 bps or at 8.40 per cent. According to HDFC website, the festive offer is valid up to November 30, and the low rate will be applicable to those borrowers who have a minimum credit score of 750. Leading banks and mortgage players have increased their lending rates by up to 0.50 percentage point after the Reserve Bank

SBI home loan book crosses Rs 6 trn-mark; launches festival discounts

The nation's largest lender State Bank on Wednesday said its home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry. To mark the occasion, the bank also announced a festive offer for home loan buyers, offering up to 25 bps discount on interest rate starting at 8.40 per cent and also the waiver of the processing fee till January 31, 2023. The lower interest will also be applicable to balance transfers. The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, adding it is the first lender to achieve the Rs 6 lakh crore milestone in the residential home category. As a part of the festive offer, SBI will offer a concession of up to 0.25 per cent on home loans, 0.15 per cent on top-up loans, and 0.30 per cent on loans against property, the bank said, adding the offer also includes waiving off the processing fees up to January 31, 2023. Commenting on the milestone, its chairman Dinesh Khara said SBI has over 28 lak

IIFL Home Finance ties up with SBI for affordable housing loans

IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans

State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent

SBI announces 100% waiver on home loan processing fee till Aug 31

The country's largest lender State Bank of India (SBI) on Saturday announced waiving processing fee on home loans till August-end. Currently, the processing fee on home loans is 0.40 per cent. SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. The state-owned lender said the offer will help revive the consumer sentiments. "There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.70 per cent," SBI said in a release. The Monsoon Dhamaka Offer is for a limited period ending on 31st August 2021, SBI said. "We believe this offer of processing fee waiver will facilitate and encourage home buyers to take decision with ease, as interest rate is at its historic low. We strive to be a banker to every Indian and thereby, be partners in nation building," C S Setty, MD (Retail & Digital Banking), SBI said. There will be a concession of 5 bps (0.05 percentage) for home ...

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

SBI reduces home loan interest rates to 6.7%

SBI home loan interest rates start from 6.7% for loans up to Rs 75 lakh and 6.75% above Rs 75 lakh; the lender is also offering 100% waiver on processing fees

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WIll SBI's loan revive trust?

In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

Here are the new loan rates and charges that SBI has introduced today

According to the new rules, SBI will allow 8-10 free ATM transactions a month for customers with average monthly balances of up to Rs 25,000 in their savings accounts

SBI revises interest rates on loans, FDs, savings deposits: check new rates

SBI has lowered rates on fixed deposits by 10 basis points for '1 year to less than 2 years' maturity with effect from October 10, 2019

SBI account holder? Know new ATM withdrawal, loan rules kicking in today

SBI will use repo rate as the external benchmark to price all new floating-rate loans for MSMEs, housing and retail loans and credit for medium-sized enterprises from today

SBI cuts interest rate by 5 bps on home loans up to Rs 30 lakh

"As the nation's largest lender, we have always kept customer interests at the centre," said SBI chairman Rajnish Kumar

Good news for those planning to buy homes: SBI makes home loans cheaper

Cuts rate on homes loans above Rs 75 lakh by 10 bps from June 15; new rate 8.55% for women, 8.6% for others

SBI cuts affordable home loan rates to 8.35%; lowest in market

Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing